$3,000,000,000
SLM Corporation
EdNotes®
For the Period: 1/30/2006 to 2/13/2006
|
Coupon |
|
Interest |
|
Maturity |
|
Callable |
|
Survivor’s |
|
Price(1) |
|
Yield(2) |
|
Moody’s |
|
S&P |
|
CUSIP |
|
FLT(a) |
|
Monthly(†) |
|
3/15/09 |
|
NO |
|
NO |
|
100.00 |
|
FLT |
|
A2 |
|
A |
|
78490FWZ8 |
|
FLT(b) |
|
Quarterly(††) |
|
3/15/11 |
|
NO |
|
NO |
|
100.00 |
|
FLT |
|
A2 |
|
A |
|
78490FWX3 |
Settlement
Date - Thursday, February 16, 2006
Pricing Supplement as of Monday, February 13, 2006
(a) 12 month percent change in CPI-U+175bps, reset monthly, but in no case less then 0%.
Initial coupon 5.21% (Nov CPI-U 3.46% + Spread 1.75%)
(b) 3 month T-Bill +50bps, reset weekly, no cap
(†) First Payment date 3/15/2006
(††) First Payment date 03/15/2006
For the Period: 1/30/2006 to 2/6/2006
|
Coupon |
|
Interest |
|
Maturity |
|
Callable |
|
Survivor’s |
|
Price(1) |
|
Yield(2) |
|
Moody’s |
|
S&P |
|
CUSIP |
|
5.550% |
|
Monthly(†) |
|
3/15/18 |
|
3/15/09(‡) |
|
NO |
|
100.00 |
|
5.615% |
|
A2 |
|
A |
|
78490FWY1 |
Settlement Date - Thursday,
February 9, 2006
Pricing Supplement as of Monday, February 6, 2006
(‡) Callable at 100% beginning on
the call date above and continuous thereafter with 20 business days notice.
(†) First Payment date 3/15/2006
1 Prices are quoted as a
percentage of par.
2 If yields are quoted, they are calculated on a semi-annual bond equivalent
yield basis.
Current SLM EdNotes® issues do not include the Survivor’s Option feature. SLM will continue to honor the Survivor’s Option for all EdNotes® Issued prior to January 1, 2004
SLM Corporation has filed a registration statement (including prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the other documents SLM Corporation has filed with the SEC for more complete information about SLM Corporation and this offering. You may get these
documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, SLM Corporation, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (800) 321-7179.
All offerings are subject to prior sale.